Asian Shares Higher After Fed Meeting; China Shares Flat

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Chao Deng China stocks were roughly flat while markets elsewhere in Asia rose after the Federal Reserve stuck to a near-zero benchmark interest rate, as expected. The Shanghai Composite is down 0.2% at 3782.04 after snapping a three-day losing ...

House Committee Approves Federal Reserve Overhaul Bill

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By David Harrison The House Financial Services Committee approved a Federal Reserve overhaul bill Wednesday that would change the way the central bank does business. The bill would require the Fed to adopt a mathematical rule to determine where to ...

Australian Home-Building Approvals Slump in June

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By James Glynn SYDNEY--The number of Australian home building permits fell sharply in June from May, as approvals for apartments slumped. Statistics bureau figures Thursday showed total building approvals fell by 8.2%, with approvals for apartments tumbling by 20.4%. Approvals ...

Bets Rise That China's Yuan Will Fall

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Anjani Trivedi and Mia Lamar HONG KONG--Bets are rising that China's currency is headed lower with its stock market, a signal of waning investor confidence in the country's ability to manage its economic slowdown and market turmoil. Activity has ...

Asian Shares: China Shares Fall in Late Bout of Volatility

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Chao Deng Chinese shares finished lower Thursday, swinging wildly in the last hour of trading, and extending a pattern of intraday volatility that started with mid-June's selloff. The Shanghai Composite ended down 2.2% at 3705.77, after snapping a three-day ...

EDF to Buy Majority Stake in Areva's Nuclear Reactor Unit

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Inti Landauro PARIS--French state-controlled power utility Électricité de France SA on Thursday agreed to buy a majority stake in the nuclear reactor-making unit of Areva SA as part of a broader plan to rescue the beleaguered nuclear supplier. EDF ...

Swiss KOF Indicator Increases in July

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Neil MacLucas ZURICH--Switzerland's KOF leading economic indicator increased in July on signs the Alpine country's manufacturers are coming to terms with the negative effects of a stronger Swiss franc. The index rose 10.0 points to 99.8 in July from ...

German Jobless Claims Rise Unexpectedly in July

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Nina Adam FRANKFURT--German jobless claims unexpectedly rose in July, but the BA labor agency said Thursday that the "labor market remains in good shape." German jobless claims in July rose 9,000 from the previous month, in seasonally adjusted terms, ...

Global Stocks Steady After Fed Statement--Update

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Josie Cox Global stock markets were steady Thursday after the U.S. Federal Reserve refrained from sending a clear signal that it would raise interest rates in September. By midmorning, the Stoxx Europe 600 was slightly less than 0.2% higher. ...

Global Stocks Steady After Fed Statement--2nd Update

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Josie Cox Global stock markets were steady Thursday with investors digesting the U.S. Federal Reserve's latest policy statement, in which it didn't give a clear signal on when it would raise interest rates. Around halfway through the European trading ...

Stock, Bond Investors Cheer Fed's Statement

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Min Zeng and Saumya Vaishampayan A measured Federal Reserve policy statement reaffirmed expectations that the central bank will move cautiously on interest rates, shoring up demand for stocks and government bonds. Many money managers expect the Fed as soon ...

Sugar Industry Sour on Trade Talks

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By William Mauldin PU'UNENE, Hawaii--High-level talks to wrap up a 12-nation Pacific trade pact here have put one set of locals on edge: Maui's sugar cane operation, which is concerned that U.S. concessions to growers in other countries could hurt ...

Asian Shares Higher After Fed Meeting; China Falls Slightly

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Chao Deng China stocks fell modestly while markets elsewhere in Asia rose after the Federal Reserve stuck to a near-zero benchmark interest rate, as expected. The Shanghai Composite opened 0.4% lower at 3773.79. The smaller Shenzhen Composite fell 0.5% ...

Global Stocks Rise on Upbeat Earnings, Fed Statement

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Josie Cox Global stock markets were largely upbeat Thursday, after the U.S. Federal Reserve refrained from sending clear signals that it would raise interest rates in September, and with robust corporate earnings providing cause for greater optimism in Europe. ...

France's Safran Lifts Year's Outlook as Profit Rises

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Robert Wall French aerospace supplier Safran SA lifted its earnings outlook for the year as it reported an 89% jump in profit, aided by disposals. Net profit for the first six months was EUR1.2 billion ($1.28 billion), compared with ...

Weak German Machinery Orders Mask Strong Eurozone Demand --VDMA

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Nina Adam FRANKFURT-German engineering orders declined in June, but the drop in demand masked strong gains in eurozone orders, industry group VDMA said Thursday. "Demand from within the eurozone is clearly recovering and we expect this trend to continue ...

China's CIC to Buy Nine Office Towers in Australia From Morgan Stanley Unit

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Esther Fung SHANGHAI--China's sovereign-wealth fund China Investment Corp. is purchasing a portfolio of nine office towers in Sydney and Melbourne from a real estate unit of Morgan Stanley (MS), continuing its overseas acquisitions to diversify its massive foreign-exchange holdings. ...

Lloyds to Sell Irish Commercial Loan Portfolio for GBP827 Million

TODAY: July 30, 2015 PUB DATE: July 30, 2015

By Ian Walker LONDON--Lloyds Banking Group PLC (LLOY.LN) said Thursday it is selling a portfolio of Irish commercial loans for 827 million pounds ($1.29 billion), which will be used for general corporate purposes. The 15% U.K. government-owned bank said the ...